Mortgage Insights

Get the latest mortgage news and other insights into the home loan industry from the at Bank of Internet USA.

 

Rates Fail to Respond to Economic Data or Fed Announcement

May 4, 2018 - Rates Fail to Respond to Economic Data or Fed AnnouncementDespite important economic events, US mortgage rates remained either unchanged or moved marginally higher on Wednesday, depending on the individual mortgage provider. On average, lenders were quoting the same mortgage rates that they did...

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Competition Among Homebuyers Fierce This Year

May 3, 2018 - Competition Among Homebuyers Fierce This Year Prospective buyers who feel the housing market is rather competitive this year are not just imagining it. Home prices are increasing, stock levels are going down quickly, and Zillow says: “This year’s home-shopping season will be one of the most...

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Nearly One Third of Homeowners Don’t Know Their Mortgage Rate

May 2, 2018 - Nearly One Third of Homeowners Don’t Know Their Mortgage Rate According to a new Bankrate poll, close to one third of US homeowners might not have a clue what their mortgage rate is. The Bankrate survey asked 2,194 adults, of whom 1,330 were home owners, this question. A full 29% of...

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Important Economic Data Could Affect Mortgage Rates This Week

May 1, 2018 - Important Economic Data Could Affect Mortgage Rates This Week Yesterday was a fairly quiet day for US mortgage rates, with rates remaining close to the lowest levels seen last week. While that might sound like good news, one should remember that before last week, the market experienced some of...

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Elevated Treasury Yields Drive Mortgage Rates Even Higher

Apr 26, 2018 - Elevated Treasury Yields Drive Mortgage Rates Even Higher The golden era of ultra-low mortgage rates is disappearing over the horizon, which means that the average American will have to pay more for their monthly housing costs and all other forms of credit. Yesterday, the yield on 10-year...

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